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Rating: Aaa1/AAA (Moody's/Fitch) Amount: Sk1bn

Rating: Aa1/AAA (Moody's/Fitch) Amount: Nkr500m

Scandinavia's mid-cap corporates continue to keep the loan market busy, with one deal signing this week and one new mandate awarded. Nordea and Sampo Bank have won the mandate to arrange a new Eu250m-Eu260m five year debut club-style facility for Norwegian corporate Fjord Seafood. The arrangers are preparing documentation and the deal will be launched into syndication by the second week of August.

Rating: A2/A/A+ Amount: £100m

Nordea has won the mandate to arrange the Eu250m-Eu260m five year debut facility for Fjord Seafood. The margin will ratchet on a pricing grid. The deal is due to be launched into syndication in the second week of August.

JP Morgan has the mandate to arrange a $200m reducing revolver for independent oil and gas exploration and production company Paladin plc. Relationship banks have been invited to join the deal on two levels: as arrangers committing $25m for 45bp or as co-arrangers taking $20m for 27.5bp.

Falling profits in the European fund management world are forcing institutions to rethink their approach to the business, according to a new report from Hawkpoint, the corporate finance boutique. The report says that the increasing domination of consultants in the institutional market and the move towards open architecture in retail are the principal drivers behind the changes.

Mandated arrangers Citigroup/ SSSB and ING are waiting for final commitments on the Eu170m five year facility for Polskie Sieci Elektroenergetyczne (PSE). Credit committees are reviewing the documentation and the deal is expected to be closed on Monday and signed in two weeks. An oversubscription is expected but the deal will not be increased.

Mandated lead arrangers HBOS, Mizuho, SG (bookrunner) and WestLB have closed general syndication of the £1.795bn of debt facilities for Tube Lines. The deal attracted an oversubscription from the market. Banks were offered invitations to join at three levels: co-arrangers taking £50m or more for fees of 70bp; lead managers taking £35m for 55bp in fees; and managers with £20m for 37.5bp.

Mandated arrangers ABC (facility agent) and Citigroup/SSB signed banks into the $50m facility for Union International de Banque (UIB) yesterday in Tunis. The deal was oversubscribed but not increased. Arab Investment Company has joined as a lead arranger for a take of $10m. UniCredito, BW Bank, Mashreq Bank, Tunis International Bank (TIB), Union Tunisienne de Banque and British Arab Commercial Bank also joined the deal. Three tickets were on offer: arranger for takes of $7.5m for 55bp; co-arranger for $5m for 45bp; and manager for $2.5m for 35bp. The loan carries a margin of 75bp over Libor.